Sept. 4, 2013
Red Metal Shipments Down Again in July
Service center shipments of red metal products continued to slide in July, according to the latest data from the Copper and Brass Servicenter Association, Overland Park, Kan. Total shipments were off compared to both the previous month and July 2012.
Total warehouse shipments of 21.2 million pounds were down 1.6 percent in July compared to the previous year, and down 0.5 percent compared to the previous month. Service centers shipped 10.4 million pounds of copper products, down 1.1 percent from last year but up slightly from June. Alloy shipments of 10.7 million pounds declined 1.9 percent compared to last year and 1.0 percent compared to June.
For the year to date, copper shipments declined 2.0 percent to 74.1 million pounds, while alloy shipments were off 4.1 percent to 82.3 million pounds. Total shipments of 156.3 million pounds were 3.1 percent behind 2012.
Red metal products showing the greatest gains in July compared to June were copper plate, up 21.2 percent to 504,000 pounds and all other alloy plate, up 55.7 percent to 165,000 pounds. Alloy pipe was the only product showing significant declines, dropping 23.2 percent to 533,000 pounds.
For the full year, other alloy sheet was the only product showing gains from 2012, up 7.0 percent to 7.4 million pounds. Other alloy plate was down 35.3 percent to 762,000 pounds, while copper plate was down 12.5 percent to 3.3 million pounds, CBSA reported.